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The Dow Jones Industrial Average closed at 12218on 12/31/11, as the stock market dropped on the final close of 2011. The Dow Jones closed 2011 up 5.6% while the S&P 500 finished flat. 2012 will be a volatile year with large rallies and several large declines. I feel we will end the year around 1320 on the S&P 500.

The Dow Jones Industrial Average closed at 12218on 12/30/11, as the stock market dropped on the final close of 2011. The Dow Jones closed 2011 up 5.6% while the S&P 500 finished flat. 2012 will be a volatile year with large rallies and several large declines. I feel we will end the year around 1320 on the S&P 500.

Hyperdynamics Corporation (HDY) - Hyperdynamics Corporation (HDY) is trading back in the $2.40's. HDY will have resistance located at $2.48 and $2.67. HDY will have support between $1.80-$2.00. Discuss HDY

Diamond Foods (DMND) - Diamond Foods (DMND) stock jumped into the $34's on Friday. DMND will have resistance around $35 from here on out. Discuss DMDN

Direxion Daily Small Cap Bull 3X Shares (TNA) - Direxion Daily Small Cap Bull 3X Shares (TNA) rallied back into the $46's on Friday. TNA will have support located at $45.08. TNA will now have resistance up at $46.88. TZA is a buy below $25.50. Discuss TNA

ProShares Ultra Silver (AGQ) - Ultra Silver (AGQ) rallied again on Friday. AGQ will have support located at $38. Discuss AGQ

Travelzoo Inc. (TZOO)- Travelzoo Inc. (TZOO) dropped below $25 on Friday. TZOO will have support near the $24-$25 area but then nothing until $17-$21.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2012. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG continues to trade in the $9's. KOG is a buy below $7.00 if we see another major pullback. Discuss KOG

American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is trading near $23. AIG will have resistance located at $26.50. AIG has support located at $19.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) recently raised prices and is now back above $1.80. Is SIRI the next Netflix? Sirius XM Radio (SIRI) will now have support at $1.60. Sirius XM Radio (SIRI) is a sell into any rally due to higher competition such a Pandora Media (P).

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now trading above $14. Research in Motion (RIMM) will have support at $12.50. Research in Motion (RIMM) will have resistance up at $15 and is a buy on a break above this level.

Oil & Gas stocks are jumping as oil trades back above $100 into January 2012. Below is a list of the top rated Oil & Gas stocks. Check out my Top Oil Stock Picks in 2012. Also, I would keep tabs on the latest developments in the Eagle Ford Shale & Bakken Shale.

ConocoPhillips (COP) - ConocoPhillips (COP) is trading back near $73. COP will have support at $65 and resistance at $75. COP is a strong buy below $65 for the long term. ConocoPhillips (COP) is active in the new emerging shale play called the Tuscaloosa Shale.

Devon Energy Corporation (DVN) - Devon Energy (DVN) is trading back near $62. DVN will have resistance located at $70. DVN is a strong buy below $60.

Chesapeake Energy Corporation (CHK) - Chesapeake Energy Corporation (CHK) is trading back below $23. CHK has really ramped up in the Eagle Ford Shale & Bakken Shale over the past eight months. They have also signed a huge JV in the Niobrara Shale. CHK is now a legit USA Oil Play and is a buy below $25. Chesapeake Energy Corporation (CHK) recently did a Utica Shale multi billion dollar joint venture.

Western Refining, Inc. (WNR) - Western Refining, Inc. (WNR) is trading back above $13. WNR is a buy below $12 for a trade.

Cabot Oil & Gas Corporation (COG) - Cabot Oil & Gas Corporation (COG) has some nice oil assets around the USA and is the first company to talk about the Chainman Shale. We also recently heard about the Smackover Brown Dense, another emerging play.

The following is stock technical analysis for Apple Inc. (AAPL) for January 2012

Apple Inc. (AAPL) Support & Resistance Levels

Resistance - $411

Support - $400

Apple Inc. (AAPL) stock continues to surge as we head into 2012 and is now trading near important resistance. Apple Inc. (AAPL) will now have resistance around $410. Apple Inc. (AAPL) is a buy if we see another pullback into the $370's. On the upside, if AAPL can close above $410, we could see a rally back to a new 52 week high. AAPL stock has 2012 price targets between $450-$500.